Daqo New Energy (DQ) Gross Margin (2009 - 2026)
Daqo New Energy's Gross Margin was -132.00% in Q2 2026, down 23.73 percentage points from -108.27% a year earlier but up 389.54 percentage points from the prior quarter.
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Analysis
Daqo New Energy (DQ) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Daqo New Energy's Gross Margin was -35.45% through Jun 30, 2026, up 13.26 percentage points year-over-year; for FY2025, it was -20.72%, down 0.03 percentage points from FY2024.
- Gross Margin has now declined for three consecutive years, with a five-year change of -55.35 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was -20.69% in FY2024 (-60.59 pp), 39.89% in FY2023 (-34.06 pp), 73.95% in FY2022 (+8.59 pp) and 65.36% in FY2021 (+30.72 pp).
- Quarterly Gross Margin has moved between -521.54% (Q1 2026) and 80.23% (Q3 2022) over five years.
- Compared with a year earlier, Gross Margin was higher in two of the last eight quarters, with an average year-over-year change of -77.49 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2025 (a gain of 40.37 percentage points); the worst was Q1 2026 (a drop of 455.74 percentage points).
- Per Business Quant data, DQ's Gross Margin in the three quarters before Q2 2026 was -521.54% (Q1 2026), 6.96% (Q4 2025) and 3.95% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 229.96 Bn | 211.54 Bn | 4.43 Bn | 47.67% |
| 2 | Corning | 113.75 Bn | 106.32 Bn | 1.63 Bn | 36.14% |
| 3 | Sherwin Williams | 81.96 Bn | 81.00 Bn | 3.34 Bn | 49.17% |
| 4 | Air Products & Chemicals | 66.39 Bn | 61.58 Bn | 1.04 Bn | 32.77% |
| 5 | LyondellBasell Industries | 40.64 Bn | 30.15 Bn | 2.04 Bn | 22.21% |
| 6 | Nutrien | 33.56 Bn | 30.39 Bn | 3.25 Bn | 30.07% |
| 7 | Qnity Electronics | 24.90 Bn | 22.04 Bn | 666.00 Mn | 46.61% |
| 8 | Ati | 24.84 Bn | 22.87 Bn | 309.80 Mn | 24.57% |
| 9 | Ppg Industries | 24.24 Bn | 16.90 Bn | 1.81 Bn | 40.22% |
| 10 | Daqo New Energy | 702.47 Mn | -3.76 Bn | -82.71 Mn | -132.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -132.00% |
| Mar 31, 2026 | -521.54% |
| Dec 31, 2025 | 6.96% |
| Sep 30, 2025 | 3.95% |
| Jun 30, 2025 | -108.27% |
| Mar 31, 2025 | -65.80% |
| Dec 31, 2024 | -33.41% |
| Sep 30, 2024 | -30.53% |
| Jun 30, 2024 | -72.37% |
| Mar 31, 2024 | 17.36% |
| Dec 31, 2023 | 18.31% |
| Sep 30, 2023 | 13.99% |
| Jun 30, 2023 | 40.66% |
| Mar 31, 2023 | 71.39% |
| Dec 31, 2022 | 77.39% |
| Sep 30, 2022 | 80.23% |
| Jun 30, 2022 | 76.11% |
| Mar 31, 2022 | 63.54% |
| Dec 31, 2021 | 60.63% |
| Sep 30, 2021 | 74.29% |
API Access
Daqo New Energy Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=DQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "DQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=DQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();